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2018-11-06 16:28:47

GDI

Gardner Denver

$27.38

0.86 (3.24%)

16:28

11/06/18

11/06

16:28

11/06/18

16:28

Gardner Denver buys DV Systems, terms not stated

Gardner Denver Holdings announced that it has acquired DV Systems Inc., funded with cash on hand. Based in Barrie, Ontario, DV Systems is a leading manufacturer of rotary screw and piston compressors and associated aftermarket parts. DV Systems will be part of Gardner Denver's Industrials Segment.

Stifel analyst Nathan Jones said he believes today's weakness in shares of Gardner Denver is being driven by competitor Weir Group's comments that oil and gas market conditions were in line with expectations through mid-August but that it saw initial signs of pricing pressure in the last two weeks of August. Weir also said it saw considerable softening in demand for OEM equipment and some delivery deferrals in the back half of August, noted Jones. He sees it as likely that Gardner Denver's upstream energy business, which makes up about 25% of revenue, will experience the same conditions that Weir is reporting, Jones tells investors. He has a Buy rating on Gardner Denver shares, which are down $1.81, or 6.7%, to $25.18 near 1 pm ET.

09/21/18

SBSH

09/21/18NO CHANGESBSHBuy

Gardner Denver initiatives continue to be underappreciated, says Citi

Citi analyst Andrew Kaplowitz expects Gardner Denver to remain a "battleground stock" for the next few months given ongoing concerns regarding Permian takeaway capacity. However, the analyst thinks Gardner's Upstream Energy business "should remain resilient," and after visiting the company's Permian facilities, he continues to believe its own efforts to increase share across its businesses "should continue to bear fruit." Gardner Denver's own initiatives continue to be underappreciated and should help to offset increased volatility in its upstream Energy business, Kaplowitz tells investors in a research note. The analyst keeps a Buy rating on the shares.

10/31/18

GSCO

10/31/18UPGRADETarget $34GSCOConviction Buy

Gardner Denver upgraded to Conviction Buy from Buy at Goldman Sachs

Goldman Sachs analyst Joe Ritchie added Gardner Denver to his firm's Americas Conviction List with a $34 price target, implying 28% upside from current share levels. The analyst reiterates a Buy rating on the shares. There are "several reasons" to like Gardner Denver, including a high quality management team focused on product innovation, growing aftermarket content, improving cash flow and deleveraging, Ritchie tells investors in a research note. After underperforming peers year-to-date due to concerns around the Permian, Street expectations have now been reset after a better than expected Q3, says the analyst. He expects the company to post "solid" organic growth from 2018-2020.

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